TwentyFour Core Corporate Bond A Gr Inc GBP
Latest (Mid) Price:
GBP 1.10
Day Change:
-0.25%
| Shares Class | Inc. |
|---|---|
| Yield | 2.52 |
| Total Expense Ratio | 0.78 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 104,583,100.00 | Launch Date | 25/01/2016 | Standard Initial Charge (%) | 5.00 |
|---|---|---|---|---|---|
| Currency | GBP | ISA Eligible | No | Annual Management Charge (%) | 0.50 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000.00 | Total Expense Ratio (%) | 0.78 |
| ISIN | GB00BDD0M018 | Min Topup (£) | 0.00 | Ongoing Charge (%) | 0.7800 (on 30/09/2020) |
Fund Objective
The Sub-Fund aims to exceed the return of the iBoxx GBP Corporate Bond Index over a rolling 3 year period based on a combination of income and capital growth.
Fund Managers
Chris Bowie
Chris is one of the partners at TwentyFour, joining in September 2014 to create and manage the Outcome and Index Driven business line. This business line sits between the ABS and Unconstrained strategies and tends to have greater exposure to interest rate sensitive bonds, where the active management of duration risk is a key determinant of absolute and relative performance. Day to day, Chris is the lead manager for the Corporate Bond Fund and Absolute Return Credit Fund. He also is a member of the firm’s Investment Committee and a member of the firms ESG steering group. Chris has 27 years of experience across fixed income markets, having been Head of Credit at Ignis for 10 years, and Head of Rates at AEGON (now Kames). Before AEGON, Chris was a senior portfolio manager at Murray Johnstone Ltd (which was acquired by Aberdeen Asset management).
Gordon Shannon
Gordon joined TwentyFour in 2015 as a Portfolio Manager in the Outcome and Index Driven team. He has over 13 years of experience in fixed income. Gordon’s main responsibility is management of the firm’s Corporate Bond and Absolute Return Credit funds. Gordon is also a member of the firms ESG steering group. Before joining TwentyFour, Gordon was a portfolio manager at Ignis Asset Management, helping to run £14bn of retail, institutional and insurance portfolios on the firm’s credit desk. Gordon worked at Ignis for 8 years, initially as an investment analyst where he covered, utilities, telecoms and insurance before joining the portfolio management team to run several euro and sterling corporate bond mandates. While at Ignis Gordon became a CFA charter holder. Prior to this Gordon worked as a Pensions Consultant at Watson Wyatt for two years, after graduating from Cambridge University in 2005 with a degree in Economics.
Graeme Anderson
Graeme is one of the founding partners of TwentyFour Asset Management, and serves as the firm’s Executive Committee Chairman. He is also Chairman of the Asset Allocation Committee, the firms ESG steering group and a member of the firms’ Risk and Compliance Committee. Day to day Graeme is a member of the firms Outcome Driven Strategy. During his 34 years in fixed income markets, Graeme has held a variety of leadership roles in both asset management (Britannia Asset Management) and investment banking (Barclays Capital, Greenwich NatWest and Merrill Lynch).
The Outcome Driven Team
Asset Breakdown
| Name | Weight |
|---|---|
| Asia Pacific Corporate Fixed I | 3.09% |
| European Corporate Fixed Inter | 13.78% |
| Money Market | 1.39% |
| North American Corporate Fixed | 5.18% |
| UK Corporate Fixed Interest | 76.56% |
Region Breakdown
| Name | Weight |
|---|---|
| Europe | 13.78% |
| Money Market | 1.39% |
| North America | 5.18% |
| Pacific Rim | 3.09% |
| UK | 76.56% |
Sector Breakdown
| Name | Weight |
|---|---|
| Cash & Cash Equivalents | 3.36% |
| Corporate Bonds | 12.17% |
| Financials | 1.89% |
| Government Bonds | 10.97% |
| Investment Grade Corporate Bon | 23.36% |
| Mortgage & Secured Bonds | 9.30% |
| Others | 7.71% |
Top 10 Holdings
| Name | Weight |
|---|---|
| HM TREASURY UNITED KINGDOM DMO | 4.94% |
| SSE PLC 3.74 PERP | 1.98% |
| ARQIVA FINANCING 5.34 30/06/20 | 1.94% |
| VATTENFALL AB 3% SUB NON CL SE | 1.92% |
| WESTERN POWER DISTRIBUTION EAS | 1.88% |
| SWITCH HOLDINGS 4.375 13/12/20 | 1.86% |
| VODAFONE GROUP 3% NTS 12/08/56 | 1.69% |
| CPUK FINANCE 3.588 28/08/2025 | 1.64% |
| VODAFONE GROUP 2.625 27/08/208 | 1.58% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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